Smartphones and tablets have streamlined nearly every facet of life, and the real estate industry in no exception. Buyers can browse listings via tablets and brokers can upload photos and videos directly from a smartphone to the MLS. But until recently, one integral transaction piece needed to be done the old fashion way: the signature. But that is no longer the case.
​Electronic document companies like DotLoop are enabling agents to conduct more business more efficiently through e-signatures. Agents, buyers and sellers love it. This means no more printing, scanning, faxing, overnighting documents or driving across town to get a signature. There are many reasons why agents are going electronic, including:
Mobility. Mobility is one of the greatest perks of e-signatures for real estate agents and brokers because the e-signature technology allows a user to sign a document from virtually anywhere. Because many e-signatures are supported by cloud-based software, signers are able to e-sign a document from the convenience of any mobile phone, tablet or laptop, omitting the need to be in an office.
Speed. In real estate, time is of the essence, and a 10-minute delay in getting a signed offer to the seller could potentially cost the buyer the deal. With e-signatures, once the user signs the document, it is instantly and securely sent to the original owner or to the party designated to sign next, reducing bottlenecks that often occur with mailing, faxing, emailing and printing contracts and forms.
Efficiency and Accuracy. E-signature technology can require mandatory information and signed fields, ensuring a document is not submitted unless it’s 100 percent complete. This ensures the signer doesn’t miss any information or signature boxers.
Cost. Because e-signature technology is supported by cloud-based software, it can quickly reduce expenses for agents or signers. With e-signatures, you no longer need to consider paper, ink, shipping costs (including envelopes and postage) or additional costs associated in delivering documents for processing.
In a fast-paced real estate world, the last thing buyers and sellers want is for a transaction to be held up or missed due to waiting for signatures. Thanks to e-documents, all the parties involved in a transaction can have peace of mind, no matter where they are.
For more information about our e-signature platform, contact us today with any questions you may have.